5-year lease renewal from December 2023 (No breaks)
Approximately 3,457 sq ft
Opposite Portland Walk Shopping Centre
Nearby occupiers include B&M, Poundland, Sports Direct, The Works, Boots Pharmacy, Superdrug, McDonald's, Costa Coffee (adjacent) and Greggs
Lot 32
Auction 27th March 2024
Rent £32,500 per Annum Exclusive (3)
Status Sold Post
Price
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
17 miles north-west of Lancaster, 32 miles north of Preston
Roads
A590, A595
Rail
Barrow-in-Furness Train Station
Air
Manchester Airport
Situation
The property is prominently situated on the east side of the pedestrianised Dalton Road, in the heart of Barrow town centre and opposite Portland Walk Shopping Centre. Nearby occupiers include B&M, Poundland, Sports Direct, The Works, Boots Pharmacy, Superdrug, McDonald's, Costa Coffee (adjacent) and Greggs.
Tenure
Freehold.
Location
Miles
17 miles north-west of Lancaster, 32 miles north of Preston
Roads
A590, A595
Rail
Barrow-in-Furness Train Station
Air
Manchester Airport
Situation
The property is prominently situated on the east side of the pedestrianised Dalton Road, in the heart of Barrow town centre and opposite Portland Walk Shopping Centre. Nearby occupiers include B&M, Poundland, Sports Direct, The Works, Boots Pharmacy, Superdrug, McDonald's, Costa Coffee (adjacent) and Greggs.
Tenure
Freehold.
Description
The property comprises a large shop arranged on the ground and first floors.
VAT
VAT is applicable to this lot.
Note
Please note the buyer will pay 1% excluding VAT of the purchase price towards the Vendor's costs in addition to the cost of the searches. Please see Special Conditions of Sale.
Completion Period
Six Week Completion
EPC
Band C
Description
The property comprises a large shop arranged on the ground and first floors.
VAT
VAT is applicable to this lot.
Note
Please note the buyer will pay 1% excluding VAT of the purchase price towards the Vendor's costs in addition to the cost of the searches. Please see Special Conditions of Sale.
Completion Period
Six Week Completion
EPC
Band C
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m (1)
Floor Areas (Approx sq ft) (1)
Tenant
Term
Rent p.a.x.
Ground First
Retail/Ancillary Ancillary
220.45 100.80
(2,372) (1,085)
G.R. & M.M. BLACKLEDGE PLC (t/a Bodycare) (2)
5 years from 13/12/2023 on a full repairing and insuring lease
£32,500 (3)
Total
321.25
(3,457)
£32,500 (3)
(1) Areas provided by VOA (www.gov.uk/find-business-rates) (2) Bodycare is a cosmetic and beauty retailer that sells branded products made by the likes of L'Oreal and Nivea, and have been established since 1970. They currently trade from over 130 stores across the UK with several in London and Birmingham (www.bodycareonline.co.uk). (3) The tenant is benefitting from half rent (£16,250) until 12/09/2024. The Seller will pay to the Buyer the equivalent rent that would have been due from completion of the sale until the end of the concessionary rental period - please see Special Conditions of Sale.
If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
